Business Savings & CDs

Make your money do more.

Business Savings

A traditional savings account that earns interest on the entire account.

  • Minimum Opening Deposit: $100
  • Monthly Service Charge: NONE if maintaining a minimum daily balance requirement of $500; otherwise $9
  • Transaction Limitation: 6 transactions per monthly statement cycle. This includes checks, debit card transactions, transfers to another account, preauthorized third party debits, and automatic/telephone/online transfers. A per debit item fee of $0.50 will be assessed for each debit in excess of three (3) debits during a monthly cycle.

Business Installment Savings

This account will allow you to set aside a fixed amount each month to accumulate into a meaningful sum that can be used for your business or investment.

  • Minimum Opening Deposit: First monthly installment amount
  • Transaction Limitation: You must make one deposit into your account each month based on your contract with the Bank
  • Early Withdrawal Penalty may be imposed for withdrawals before the term. A Penalty of three (3) months interest on the amount withdrawn will be imposed for 12 and 18 months terms and six (6) months interest for 24 months and over terms.
  • By choosing an automatic transfer from your CBB Bank checking to your installment savings account, you may be eligible to receive a premium interest rate. (0.25% higher than posted rate)

Business Money Market

A convenient savings account with limited checking account features.

  • Minimum Opening Deposit: $500
  • Monthly Service Charge: NONE if maintaining a minimum daily balance of $2,500; otherwise $9
  • Transaction Limitation: 6 transactions per monthly statement cycle. This includes checks, debit card transactions, transfers to another account, preauthorized third party debits, and automatic/telephone/online transfers. Excessive transaction fee of $20.00 per item

Business Time Certification of Deposit Account

Interest-earning accounts with a guaranteed fixed rate. Offers a variety of interest payment options, tiered rates, and choice of terms to meet your savings goal.

  • Minimum Opening Deposit: $1,000
  • Transaction Limitation: No additional deposits allowed before maturity
  • Early withdrawal penalty may be imposed for withdrawals before maturity

Business Flex Certification of Deposit Account

Time Certification of Deposit Account benefit with the flexibility of unlimited deposit up to maximum of $240,000 and three (3) penalty-free withdrawals.

  • Minimum Opening Deposit: $10,000
  • Transaction Limitation: Unlimited deposits up to $240,000 (additional deposits must be a minimum of $1,000) and three (3) penalty-free withdrawals
  • Term: 12 months
  • Conditions: Must have a CBB Checking Account to open Flex CD. Interest will be paid monthly into CBB Checking Account.
  • Early withdrawal penalty will apply AFTER three (3) penalty free withdrawals. A penalty may be imposed for withdrawals before maturity. An early withdrawal penalty of one (1) month interest may be imposed.